Online Banking RED HOT!
Question: what does everyone think of FLBK which soared today?? I have NTBK and ATLB do you think that FLBK is still a buy or no? I am sorry I missed out on it! Can I get any opinion dealing with Florida Bank please! Thanks
Answer: I have been using SFNB Internet bank for almost 2 years and I will never go back to a local bank.
Here are the advantages;
- no ATM fees (all fees very low due to extremely low overhead) – 20 automatic bill payments a month – You enter payment information and payments will be made automatically, if not, a check is cut for you and mailed out. You can schedule these reocurring. I have been paying student loans monthly for two years without ever using a stamp or having to interact at all. – real-time direct balance over the web. I can be on vacation, 2000 miles away from my hometown and see my current balance, transfer funds, pay bills, check when charges clear, etc. All I need is a web browser and an Internet connection, nothing is proprietary. – balancing check book, all I do is save receipts until the charge clears and then I throw it away. I hardly ever use actual checks, because I can send e-payments to anyone. I ALWAYS know exactly how much money is in my account(s). – moving – I moved from PA to Alaska and I kept the same bank, no fund tranfers, nothing.
disadvantages;
- The only potential one is that I have to send in deposits. I get direct deposit, so this is only an issue when I get a check written to me. It’s very rare. I already have a local bank, so I usually just cash those checks there, but I have had only the internet bank before and I’ve never had a problem with a lost payment. I even used the internet bank with a company that didn’t have direct deposit. I mailed in every paycheck and still didn’t have problems.
I think the above is a no-brainer. Not sure why anyone would keep a regular bank.
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